Roma Blame €204m Loss On coronavirus

By Daily sports on October 8, 2020

Roma have recorded losses of over €204 million for the financial year up until June 30 largely as a result of the coronavirus pandemic, the Italian club revealed on Wednesday.

"The loss for the 2019-20 financial year is estimated at €204 million," the Serie A side said of preliminary figures released at the request of Consob, the Italian stock market regulatory authority for accounts up to June 30.

AS Roma changed ownership in August with US businessman Dan Friedkin taking over from fellow American James Pallotta in a deal valued at nearly €600 million.

If Roma were already in the red before the pandemic, the health crisis accelerated their financial woes with the resulting impact on sports competitions, TV rights and sponsorship.

"Despite the measures adopted to mitigate the consequences, this emergency, extraordinary by its nature and magnitude, has had, and continues to have, significant repercussions on the group's economic activities, creating a context of general uncertainty," Roma wrote in the document posted on its site.

The capital side have also failed to qualify for the Champions League this and last season.

The club saved €30 million as a result of their players and coach Paulo Fonseca agreeing to give up four months salary from March to June.

The transfer window also brought in €13 million with the sale of players including Gregoire Defrel to Sassuolo, Maxime Gonalons (Granada), Aleksandar Kolarov (Inter Milan) and Patrik Schick (Bayer Leverkusen). (BBC)

•PHOTO:  Roma Players 

Source Daily sports

Posted October 8, 2020


You may also like...
FIFA snubs Nigerian referees for Olympics

Police Investigate Ronaldo Phone Bust-Up

Bonaventure steals show in Belgium

FRSC are Nigeria Nationwide League Champions

Chelsea Pause Abraham Contract Talks

NFF orders Rohr to begin final preparations for...


Latest News Woods gets PGA Tour lifetime achievement exemption McGregor’s injury 'absolutely real' - White Omwuzurike predicts bright future for Nigerian athletics Ronaldo’s Portugal scrape Euro 2024 opening win, Turkey beat Georgia Arsenal ready €100m Osimhen bid Again, Sergio Ramos quits Sevilla Euro 2024: Tedesco frustrated by VAR drama after Belgium shocking loss Germany veteran Neuer to consider future after Euro 2024 Amusan wins fourth national title Adesanya announces Aug 17 title fight with Du Plessis [UPDATED] FULL LIST: English Premier League 2024/2025 Fixtures Announced Euro 2024: Mbappe suffers broken nose


Most Read Rangers International going, going . . . (54,109 views) Amaju Pinnick: A cat with nine lives (45,170 views) Second Term: Amaju Pinnick, Other NFF Heavyweights Home to Roost •How Pinnick Broke the Jinx (43,256 views) Missing $150,000 IAAF Grant: Solomon Dalung’s Hide and Seek game (42,894 views) Sports Development: Zenith Bank on the zenith (42,741 views) Gov. Abdullahi Ganduje’s solid footprints, commitment to sports development in Kano State (42,623 views) Current issues in Nigerian sports: Matters arising (42,489 views) NFF Presidency: Pinnick, Maigari, Ogunjobi, Okoye in Battle for Supremacy (41,977 views) Olopade, BET9A wave of revolution in NNL (40,993 views) Commonwealth Games 2018: Shame of Muhammadu Buhari, Solomon Dalung (39,962 views) Ibrahimovic’s Man U exit: Whose decision is it? And in whose interest? (38,378 views) John Mikel Obi: Segun Odegbami’s Outrageous Call! (37,881 views)


Phone numbers

Tel: +234(0)8066020976

Email addresses

Office address

No 3, Adetoun Close, Off College Road, Ogba, Ikeja Lagos.

Social Media